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KUALA LUMPUR: Bank Negara has forecast Malaysia’s economy will contract as much as 2% on the weight of the loss in productivity and disruption in the global supply chain due to the Covid-19 pandemic.
KIEV (Reuters) - Ukraine's government on Friday imposed a series of new restrictions designed to prevent the coronavirus outbreak spreading widely but said it hoped to soften the measures again in late April.
JAKARTA: Besieged by the worst turmoil since the Asian financial crisis more than two decades ago, Indonesia has given its central bank unprecedented powers to shield the economy from the fallout of the Covid-19 (coronavirus) pandemic on Friday (April 3).
MOSCOW (Reuters) - A Russian decision to ban most Western food imports, taken in anger six years ago, is helping Moscow navigate the coronavirus crisis, giving it enough homegrown stocks to withstand panic buying and greater leeway on its agricultural export policy.
KUALA LUMPUR: RHB Investment Bank Bhd is forecasting a zero per cent growth for the country this year, which is within the range of Bank Negara Malaysia's (BNM) real gross domestic product (GDP) growth projection.
BEIJING: China plans to revive its economy and further boost smaller businesses amid external uncertainty as the Covid-19 (coronavirus) outbreak continues to spread worldwide, according to the country's central bank on Friday (April 3).
PHNOM PENH (Xinhua): After two decades of strong performance, Cambodia's economic growth is expected to drop to 2.3 per cent in 2020 due to the Covid-19 pandemic, according to the Asian Development Bank (ADB)'s outlook report released on Friday (April 3).
MANILA (Xinhua): The Philippine economic growth is projected to fall to 2.0 per cent in 2020 before a strong recovery to 6.5 per cent in 2021, assuming the Covid-19 outbreak is contained by June this year, according to a new report by the Asian Development Bank (ADB) released on Friday (April 3).
KUALA LUMPUR: The Malaysian economy is expected to see a contraction -2.0% at its worst and growth of 0.5% at its best in 2020, compared to 4.3% in 2019, against a highly challenging global economic outlook.
Main points of Bank Negara's Economic and Monetary Review 2019